1,372,518 Shares in Trimble Inc. $TRMB Acquired by Bank of America Corp DE

Key Points

• Bank of America acquired 1.37 million Trimble shares worth approximately $70.2 million in the second quarter, representing about 0.59% of the company. Institutional investors collectively owned 93.21% of Trimble’s stock.
• Trimble reported quarterly EPS of $0.86, exceeding the $0.80 consensus estimate, while revenue rose 11% year over year to $972 million. The company issued third-quarter 2026 EPS guidance of $0.83–$0.88.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and an $81.78 price target, although some firms recently downgraded the stock or lowered their targets. Trimble shares opened at $57.56, near their 50-day average.

Bank of America Corp DE acquired a new stake in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,372,518 shares of the scientific and technical instruments company's stock, valued at approximately $70,245,000. Bank of America Corp DE owned approximately 0.59% of Trimble at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. American Capital Management Inc. bought a new stake in Trimble during the second quarter valued at about $972,000. Caisse de depot et placement du Quebec acquired a new position in Trimble in the 2nd quarter worth approximately $229,000. Man Group plc purchased a new position in shares of Trimble during the second quarter worth $2,209,000. Jupiter Topco LLC acquired a new position in shares of Trimble in the 2nd quarter valued at about $1,177,000. Finally, Hsbc Holdings PLC purchased a new stake in Trimble in the 2nd quarter worth approximately $109,046,000. 93.21% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Trimble

In other Trimble news, Director Kaigham Gabriel sold 1,718 shares of the company's stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $60.00, for a total value of $103,080.00. Following the sale, the director owned 17,426 shares of the company's stock, valued at $1,045,560. This represents a 8.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.59% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Piper Sandler reiterated an "overweight" rating and set a $87.00 target price on shares of Trimble in a research report on Thursday, August 13th. Wells Fargo & Company reduced their price target on shares of Trimble from $70.00 to $61.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 14th. Wall Street Zen cut shares of Trimble from a "buy" rating to a "hold" rating in a research report on Saturday, September 5th. Weiss Ratings downgraded Trimble from a "hold (c-)" rating to a "sell (d)" rating in a report on Thursday, August 13th. Finally, Oppenheimer reissued an "outperform" rating and set a $80.00 target price on shares of Trimble in a research note on Tuesday, July 7th. Nine research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Trimble has an average rating of "Moderate Buy" and a consensus price target of $81.78.

Trimble Price Performance

Shares of NASDAQ:TRMB opened at $57.56 on Friday. The company has a market cap of $13.42 billion, a P/E ratio of -117.47, a PEG ratio of 1.87 and a beta of 1.36. Trimble Inc. has a 52 week low of $47.92 and a 52 week high of $84.42. The company has a 50-day moving average price of $57.21 and a 200 day moving average price of $59.13. The company has a quick ratio of 0.82, a current ratio of 0.95 and a debt-to-equity ratio of 0.28.

Trimble (NASDAQ:TRMB - Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.80 by $0.06. Trimble had a negative net margin of 2.77% and a positive return on equity of 12.29%. The firm had revenue of $972.00 million during the quarter, compared to analysts' expectations of $952.09 million. During the same quarter last year, the business earned $0.71 earnings per share. The business's revenue for the quarter was up 11.0% compared to the same quarter last year. Trimble has set its Q3 2026 guidance at 0.830-0.880 EPS and its FY 2026 guidance at 3.600-3.700 EPS. Research analysts predict that Trimble Inc. will post 3.08 earnings per share for the current year.

Trimble Company Profile

Trimble Inc develops technology solutions that help organizations connect the physical and digital worlds. Its portfolio combines positioning and navigation technologies, specialized hardware, software, and data services to support workflows in industries such as construction, geospatial, transportation, utilities, natural resources, and government.

The company's products and services include surveying and mapping equipment, machine control and construction management software, 3D modeling and building information management tools, field and project collaboration platforms, and transportation and logistics solutions.

Want to see what other hedge funds are holding TRMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Trimble Inc. (NASDAQ:TRMB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.